US Treasury's Bessent urges Asian Development Bank to move towards ending China loans
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U.S. Treasury Secretary Scott Bessent urged Asian Development Bank President Masato Kanda to take concrete steps towards ending loans to China, the Treasury said on Friday.
During a bilateral meeting, Bessent also emphasized the need for an "all-of-the-above energy strategy" and exchanged views with Kanda on financing civilian nuclear energy.
"Secretary Bessent urged President Kanda to take concrete steps towards putting China on a clear path to graduation from ADB borrowing and emphasized the value of the Bank's work on procurement practices based on best value," the Treasury said in a statement.
This article was produced by Reuters news agency. It has not been edited by Global South World.
